Advaita Society
- Assets
- $10.4m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 78
- Location
- Watsonville, CA
- Founding
- 12/1975
- Data as of
- 09/2021
- EIN
- 51-0174679
Organization Overview
Advaita Society is located in Watsonville, CA. The organization was established in 1975. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. As of 09/2023, Advaita Society employed 78 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Advaita Society is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, Advaita Society generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.7%) each year. All expenses for the organization totaled $2.4m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE HANUMAN FELLOWSHIP IS DEDICATED TO SPIRITUAL, RELIGIOUS, CHARITABLE, AND EDUCATIONAL ACTIVITIES. WE HOLD OUR OWN PROGRAMS AND HOST GROUPS FOR THESE PURPOSES, WITH PARTICIPANTS BEING INDIVIDUALS, NONPROFIT ORGANIZATIONS, EDUCATIONAL INSTITUTIONS, COMPANIES, FOUNDATIONS, AMONG OTHERS. ALL ACTIVITIES ARE CONSISTENT WITH OUR TAX-EXEMPT STATUS. WE ALSO ARE DEDICATED TO ALTERNATIVE ENERGY PRODUCTION, EDUCATION, AND ENVIRONMENTAL CONSERVATION. WE ARE A LARGE SOLAR POWER PRODUCER IN SANTA CRUZ COUNTY. WE OPERATE A SPIRITUAL BOOKSTORE AND GIFT SHOP, AND THE PACIFIC CULTURAL CENTER IN SANTA CRUZ (CURRENTLY CLOSED AND FOR SALE) WHICH IS PRIMARILY DEDICATED TO YOGA TEACHING, EDUCATION, SELF-DEVELOPMENT, AND WELLNESS. WE OPERATE A VEDIC TEMPLE WHICH HAS HOSTED UP TO 75,000 DAY VISITORS EACH YEAR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MOUNT MADONNA CENTER SPONSORS ITS OWN DAY-LONG, WEEKEND, WEEK AND MONTH LONG YOGA PROGRAMS AND RETREATS THROUGHOUT THE YEAR. THE CENTER HAS ALSO HOSTED YEAR ROUND RESIDENTIAL PROGRAMS FOR THOSE WISHING TO LEARN YOGA WHILE LIVING IN A RENOWNED RETREAT CENTER NOW IN ITS FIFTH DECADE. THE CENTER IS A WELL-KNOWN LOCATION FOR HOSTING DIVERSE WISDOM TRADITIONS, WELLNESS MODALITIES, AND OUTDOOR EDUCATION FOR A VARIETY OF RENOWNED PRESENTERS, TEACHERS, AND TOPIC SPECIALISTS FROM AROUND THE WORLD.
MOUNT MADONNA CENTER IS HOME TO THE SANKAT MOCHAN HANUMAN TEMPLE. MORNING AND EVENING WORSHIP SERVICES ARE HELD 365 DAYS A YEAR. WE WELCOME THOUSANDS OF SPIRITUAL SEEKERS ON A REGULAR BASIS THROUGHOUT THE YEAR. THE FLOW OF VISITORS IS MANAGED BY A RESERVATION SYSTEM TO BALANCE THE NEEDS AND EXPERIENCES OF OUR MANY GUESTS, VISITORS, STUDENTS, RESIDENTS, AND STAFF OF THIS MOUNTAIN-TOP RETREAT CENTER.
PACIFIC CULTURAL CENTER - THE ASHTANGA YOGA INSTITUTE AT PACIFIC CULTURAL CENTER IS A COMMUNITY YOGA STUDIO IN THE SEABRIGHT NEIGHBORHOOD THAT HAS BEEN SERVING YOGA STUDENTS OF ALL LEVELS, AGES, AND ABILITIES FOR OVER 30 YEARS. THE INSTITUTE OFFERS YOGA CLASSES BASED ON BOTH ANCIENT TRADITIONS AND MODERN ADAPTATIONS. DUE TO COVID-19, PACIFIC CULTURAL CENTER HAS BEEN CLOSED SINCE THE ONSET OF THE COVID-19 PANDEMIC AND IS CURRENTLY UP FOR SALE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Pacey Executive Director | OfficerTrustee | 40 | $109,348 |
Tobias Aguirre Cfo/treasurer | OfficerTrustee | 20 | $98,263 |
Stephanie Conway Secretary | OfficerTrustee | 40 | $46,148 |
Ariana Brill Board Member | Trustee | 2 | $0 |
John Diffenbaugh Board Member | Trustee | 20 | $0 |
Jennifer Frost Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $443,232 |
| Investment income | $14,130 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $246,410 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,781 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,102,417 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $34,978 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $587,653 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $144,550 |
| Payroll taxes | $54,252 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $59,366 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $63,216 |
| Office expenses | $176,594 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $109,821 |
| Travel | $53,657 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $490,086 |
| Insurance | $248,169 |
| All other expenses | $0 |
| Total functional expenses | $2,364,852 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $622,387 |
| Savings and temporary cash investments | $3,178,392 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $62,192 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $600,000 |
| Inventories for sale or use | $104,327 |
| Prepaid expenses and deferred charges | $31,940 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,442,510 |
| Accounts payable and accrued expenses | $17,615 |
| Grants payable | $0 |
| Deferred revenue | $58,460 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $250,000 |
| Total liabilities | $326,075 |
| Net assets without donor restrictions | $10,106,443 |
| Net assets with donor restrictions | $9,992 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $10,116,435 |